Do what you love and you’ll never have a problem with Monday!

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We are a family owned and operated business that share a love of leasing and property management. We believe that working together as a family gives us an advantage over our competitors and has been the key to our success. It’s been proven that family owned businesses are more stable, have a longer time horizon and tend to have a high level of trust and commitment to customers, because how the company behaves reflects the family’s personal integrity. We have infused our core values into our company and it shows! As a family owned and operated business, we have a better understanding of our customers values, expectations and needs.

The Best Leasing and Property Management Firm in Wake County.

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Finding the best property management company for your home can be a complex task. Our busy real estate market presents dozens of management companies that you can choose from, and they might seem very similar at first glance. How do you determine which property management company will provide you with the best service? If you’re interested in learning more about the benefits of a professional property management company and what we can do for your home, contact Bev Roberts Rentals, the Triangle’s leading property management company. (919) 306-5665

We will look for you and find you a perfect tenant

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Don’t let leasing become an “Action Thriller”. Call Bev Roberts Rentals! Like Liam Neeson, I will look for you, and I will find you… THE PERFECT TENANT!
#WatchingTaken #BevRobertsRentals#PerfectTenant #TriangleNorthCarolina

Happy National High Five Day!

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Happy National High-5 Day! High-5 to our clients for supporting our family business! #NH5D#WakeCounty #PropertyManagement

Have You Had Your Rental Home On The Market Long?

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As a #TriangleArea property manager, our main priority is maximizing your annual rental income. This means minimizing your rental vacancy rates. Have you had your house on the market long?! We can help! Give us a call at (919) 306-5665.
#BevRobertsRentals #Apex #Cary #Raleigh#WakeCountyNC

How to Set the Perfect Rent Price for a Rental Property

1If there is something that many landlords struggle with it is how to determine the perfect rent price for their properties. Naturally, most of them would wish to set the prices as high as possible so as to recoup their investment.

Doing so, however, will make the tenants view the landlord as unscrupulous and they will stay away from the units. Ironically, pricing your rentals too cheap is also counterproductive. The low price will attract low-quality and at times problematic tenants.
So, just how can a landlord go about pricing his or her rental units? The following tips should offer insight on how to go about it.

8 Tips for Setting Rental Prices

Find Out What Similar Units are Charging An effective way to determine how much to price is by finding out what houses similar to yours charge. The similarity should be regarding the number of bedrooms, square footage, location, and amenities. You can get this information from popular listing platforms like Craigslist, Trulia, Zillow, and Realtor.com. Bearing in mind that the rent price can affect how long a property stays vacant as well as the average occupancy rate, focus on those houses that do not stay unoccupied for too long and have a high occupancy rate. Chances are these units have the right rental prices.

Consider the Square Footage of the Unit If your efforts of locating a property that matches yours prove futile, do not despair yet. You can use the nearby units to calculate how much you should price yours. All you need to do is find out how much the surrounding units charge per square feet and use that rate to calculate yours.

Set the Price Based on the Real Property Value A common way of determining what to charge is to evaluate what the actual cost of your asset is, and multiplying it by a standard 0.11. Whatever figure you arrive at, that should be the fitting monthly rent you should demand. For instance, if the evaluation values your rental property at $ 150,000, then an ideal monthly rental rate would be $1,650. Even though this approach fails to factor in variables like the neighborhood, design features or surrounding amenities, it gives a general idea of what to charge.
Consider the Location of Your Property Where your rental property is situated significantly affects the amount of rent you can demand. For instance, if it is in high-end markets, near prominent school districts, reliable transport network, or essential social amenities, you can attract a premium rate. That is because high-quality renters prefer staying in such areas and wouldn’t mind paying whatever amount you ask. However, if your property is in the lower class markets, where insecurity is high, and infrastructure is lacking or rundown, you will have a daunting task charging a high rent.

Look at the Condition, Size, and Layout of the Property Besides the location, there are other factors like the size, design, and condition of the property which will affect its ultimate price. For example, a two bedroom apartment might cost less than a three bedroom one in the same area. However, if the three-bedroom unit is old or in a worn-out state, while the two-bedroom one is new and refurbished, the newer property is likely to cost more.

Inquire from Property Experts Another useful way for you to ascertain the perfect rent is to ask credible experts in the real estate industry. These experts include property management companies, real estate agents, and rental housing associations. Since these authorities are familiar with the rental property industry, they are in the perfect position to tell you what to charge in different markets. When looking for an expert opinion, though, take the time to determine that you are indeed consulting a credible and reputable professional. Otherwise, you might end up receiving the wrong investment advice, which will hurt your real estate goals.

Ask Other Landlords Even though industry experts will give you sound advice, in most cases you have to pay for that information. If you prefer unsolicited rental advice, why not get it from the horse’s mouth. Talk to other landlords and ask them how much they charge. While at it, do not shy from seeking their opinion on what you should charge for your property. Depending on your approach most property owners would readily give credible suggestions.

Ask the Tenants If getting the information from the landlords proves impossible, or if you suspect what the owner told you was questionable, you could identify surrounding units that are similar to yours and interrogate the tenants there, to find out how much rent they pay.
Conclusion By following the above steps, you should be in a position to get an average market rate for your rental property. From there, it is up to you to decide how to price your units so that they remain both attractive to high-quality renters, and profitable to you.

Source: realtybiznews.com

Fewer Americans Moved Last Year Than At Any Time On Census Bureau Record

1Recent Census Bureau data reveals that only 1 in 10 Americans moved between 2015 and 2016, marking the lowest level of renters or homeowners to relocate since the agency started keeping track of data in 1948, a trend exacerbated by the housing crash — which led Americans to be cautious and cling to their homes and rentals.

Yale Law School professor David Schleicher said homeownership subsidies, more land-use restrictions, the increased use of occupational licensing and municipal bankruptcies are the main culprits, Construction Dive reports. Schleicher said relocation subsidies targeting residents trapped in poor areas could help create more movers.

While the overall mover rate is low, more affordable regions of the country, like parts of the South, Midwest and Rust Belt, experienced increases in migration. According to Realtor.com, smaller markets, including Denver, Nashville and Orlando, are likely to see housing demand grow this year.

Source: bisnow.com

Rental Trends: Five Traits of a Great Property Manager

1A great property manager can be hard to come by. In today’s fast-paced, social-media centric society, consumers and renters crave and demand instant gratification – they are ephemeral.

That being said, property managers must constantly be on their toes and ready to take on anything! Not only must they be ready to draw in and lease to rent-ready prospects, but they must also always roll with the punches in order to satisfy current renters. Leaky toilet at midnight? Be prepared for a call. Can’t find the mailbox key. Better be on it. Locked out of your apartment? Must be prepared! Property managers deal with these scenarios (among thousands of others) on a daily basis.

Here are five tips to being a great property manager that you and your team should keep in mind:

1. Communication

Communication is KEY! Property managers deal with tons of people (at all hours of the day) from all walks of life. Some may speak different languages, have different personalities, different needs and different backgrounds. Therefore, those in property management need to have impeccable communication skills. Staying calm and speaking in a professional manner is a top priority. A lot of times, this includes PATIENCE. Residents must always be kept in the loop on things like office closures, maintenance, payments, etc. Additionally – property managers must keep said communication timely. When a work order is submitted, the resident should be notified immediately that their work order has been received and that the issue is being worked on. When a parking lot is being worked on, residents should know of any alternative routes to take ASAP. These are just examples, of course, but the list goes on and on. Keep in mind, that with communication comes listening. Sometimes, the best thing a property manager can do for a current or prospective renter is ensure them that their voice is being heard and that the community is doing everything possible to make their living situation a comfortable one.

2. Organization

Property managers often have to deal with questions, comments, complaints and concerns from dozens of renters and prospects daily. Not only must property managers make sure their current renters are happy, make sure the rents are coming in on time and make sure that work orders are being fulfilled, but they must also work on bringing in NEW renters as well. Organization comes in handy on a daily basis through things like lease expirations and renewals, background checks, security deposits, invoices, etc. A skilled property manager must be organized, and make sure they are hiring organized staff members as well! If you are impatient, anxious, edgy or bad with tight deadlines and daily interaction with “customers” aka your residents, you may want to reconsider your future as a property manager. Do you think you have what it takes?

3. People Person

One of the best gauges of the level of quality of a property manager is the way they interact with people. This does not mean just their renters. This means current renters, prospective renters, renters moving out, maintenance, vendors, other staff, lifeguards, towing companies, plumbers, carpenters, etc. Managing an apartment community is a large undertaking, and men/women that do not have a happy, approachable, “can-do” attitude will find it hard to not only retain residents, but to draw new ones in. A personable property manager must be able to handle the fast-paced nature of community management and make the process of signing a lease and moving in an easy one. Let’s face it – moving is a drag and a hassle. When people move into an apartment, the last thing they want to deal with is an unhelpful property manager with a sour attitude. That said, go the extra mile to make your renters feel welcome! Perhaps a gift basket with community “swag” when they move in? Maybe a couple of take-out menus from your favorite local restaurants? At the end of the day, a “people person” property manager is always easier to work with than a grouch!

4. Honesty

Think about it. What are all property managers typically doing the first week of every month? Handling other people’s money! They collect rents, security deposits, and more. Property managers need to have the utmost understanding that the renters come first. They must always act with the highest level of integrity. As a property manager, they a lot of complaints are heard daily. While it may sometimes be easier to dance around the issue, a property manager needs to always be up front with the renter – even if it’s something the renter doesn’t want to hear. The washing machine can’t be fixed until Tuesday? Tell them ASAP so they can make other plans. The rent check won’t be deposited for another day? Let them know. Not being 100% truthful with renters can lead to mistrust and lower resident retention rates.

5. Reliability

Having a reliable property manager takes the burden off of a lot of people – the staff, the property owners, the renters, the prospects, etc. When a tenant asks something of a property manager or needs help with a certain issue, they should feel confident that their property manager is taking their struggle into consideration. This can be anything from a missing trash can, a broken lock, a bug problem, a noisy neighbor, etc. Property managers must come through for their residents and should be viewed as someone who can quickly and effectively problem solve. Now, the world isn’t perfect and problems aren’t always easily resolved. However, as long as a renter knows that you, as their property manager, are in their corner and working your hardest to make their stay at your property a happy one, then you have done the best you can!

These five qualities, among others, are staple traits of a great property manager. Moving into an apartment is, let’s be honest here, never the most fun and can make for a very stressful time in someone’s life. Working with a quality property manager can make the experience so much more positive – maybe even fun! An organized, honest, reliable, personable property manager with good communication skills is pure gold!

Source: arlnow.com

National Clean Out Your Refrigerator Day

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Use this day to clean out your refrigerator, top to bottom. When it comes to food safety, we fall back to the old saying “When in doubt, throw it out.”
#FoodSafety #CleanOutYourRefrigeratorDay#Germs #BevRobertsRentals

Don’t be HAUNTED by Regret. Lease with Bev Roberts Rentals!

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Don’t be haunted by regret, lease with #BevRobertsRentals!
#Leasing and #PropertyManagement located in #WakeCounty